Y corporation has par value of common stock of $10,000, Additional paid in Capital of $300,000, Retained earnings of $1,200,000. The company has 1,000 bonds outstanding with a coupon rate of 4%, a $1,000 face value, pay interest twice a year, and a trade at a YTM of 5.5%. The firm has 100,000 common shares outstanding, and these shares are trading at a price of $21.00 per share. What is the market to book ratio?

a. 1.98

b. .32

c. 2.67

d. 1.39 **I know this is the answer but I am not sure how to get it